Kratos Defense & Security Solutions (NASDAQ:KTOS) Lowered to “Sell” at BidaskClub


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BidaskClub downgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a sell rating in a research report released on Tuesday, September 10th, BidAskClub reports.

A number of other analysts have also weighed in on KTOS. Robert W. Baird reaffirmed an outperform rating and set a $25.00 price objective (up previously from $19.00) on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. Canaccord Genuity set a $28.00 price objective on shares of Kratos Defense & Security Solutions and gave the company a buy rating in a research note on Friday, August 16th. Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a neutral rating to a buy rating and upped their target price for the company from $24.00 to $26.00 in a report on Friday, August 16th. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a neutral rating to an overweight rating and upped their target price for the company from $18.00 to $24.00 in a report on Friday, May 24th. Finally, Citigroup cut shares of Kratos Defense & Security Solutions from an outperform rating to a market perform rating in a report on Wednesday, June 5th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $23.67.

Shares of Kratos Defense & Security Solutions stock opened at $21.55 on Tuesday. The stock has a market cap of $2.17 billion, a P/E ratio of 126.76, a P/E/G ratio of 11.85 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.73 and a quick ratio of 2.33. The stock’s 50 day simple moving average is $19.88 and its 200-day simple moving average is $19.39. Kratos Defense & Security Solutions has a 1-year low of $11.91 and a 1-year high of $25.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The firm had revenue of $187.90 million for the quarter, compared to analyst estimates of $178.72 million. Kratos Defense & Security Solutions had a net margin of 1.99% and a return on equity of 4.63%. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. As a group, research analysts expect that Kratos Defense & Security Solutions will post 0.23 EPS for the current fiscal year.

In related news, Director Amy Zegart sold 7,305 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, August 5th. The shares were sold at an average price of $19.55, for a total transaction of $142,812.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bandel L. Carano sold 500,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $19.18, for a total transaction of $9,590,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 791,932 shares of company stock worth $15,305,451. 15.54% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of KTOS. Marshall Wace LLP acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $35,000. Advisory Services Network LLC raised its position in shares of Kratos Defense & Security Solutions by 795.6% during the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock worth $70,000 after buying an additional 3,978 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth about $81,000. US Bancorp DE raised its position in shares of Kratos Defense & Security Solutions by 30.6% during the 2nd quarter. US Bancorp DE now owns 3,739 shares of the aerospace company’s stock worth $85,000 after buying an additional 877 shares in the last quarter. Finally, NEXT Financial Group Inc bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth about $105,000. 83.76% of the stock is owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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